please answer the question 6and7
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Explain the effect of economic growth on PPC ?
Ans- Economic growth has two meanings :
the second meaning of economic growth is an increase in what an economy can produce if it is using all its scarce resources. An increase in an economy's productive potential can be shown by an outward shift in the economy's production possibility frontier (PPF).
Ans- Economic growth has two meanings :
the second meaning of economic growth is an increase in what an economy can produce if it is using all its scarce resources. An increase in an economy's productive potential can be shown by an outward shift in the economy's production possibility frontier (PPF).
ratti:
please answer the Q6
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